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‘No curb on inequality’: Experts say huge rich-poor divide will remain under new govt

‘No curb on inequality’: Experts say huge rich-poor divide will remain under new govt

18 Sept 17:01 Key points summarised by AI
  • Experts doubt the new Thai government's ability to curb inequality, arguing its policies prioritize short-term economic stimulus over addressing deep-rooted structural wealth disparities.
  • Despite government plans for debt relief, tourism promotion, and a digital wallet scheme, critics like the WeFair network contend these capitalist-driven initiatives will not close Thailand's significant rich-poor gap, citing alarming statistics on extreme wealth concentration.
  • Concerns arise as the government's policy statement lacked detail on promised social welfare improvements, with a Deputy Finance Minister stating universal welfare is not feasible for Thailand, contrasting with expert recommendations for comprehensive social safety nets and tax reform.
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